US banking and NZ inflation worries causes sharemarket slump

US banking and NZ inflation worries causes sharemarket slump
(Image: Getty)
Graham Skellern
The New Zealand sharemarket slumped more than 1% as banking concerns in the United States and inflation worries here again rippled to the surface.The S&P/NZX 50 Index continued to slide all day and closed at 11,907.99, down 129.82 points or 1.08% – the biggest single-day fall in five weeks. The index has now risen 3.8% so far this year.There were 112 decliners and 23 gainers over the whole market on volume of 29.76 million share transactions worth $107.57m.The major US indices fell sharply overnight as investors questioned the stabili...

More Markets

NZ sharemarket up 0.5% ahead of long weekend
Markets Market Close

NZ sharemarket up 0.5% ahead of long weekend

Pacific Edge's share price fell 7.32%.

Tom Raynel 24 Apr 2025
Pacific Edge suffers another setback in US
Markets

Pacific Edge suffers another setback in US

Shares in cancer diagnostics company Pacific Edge are down 2.44% to $0.120 after another setback in the US market.The US District Court for the Middle District of Pennsylvania has determined that it does not have jurisdiction to review a Local Coverage Determination (LCD) that co...

Staff reporters 24 Apr 2025
Listed retailers stand to gain from Trump tariffs:  Forsyth Barr
Retail

Listed retailers stand to gain from Trump tariffs: Forsyth Barr

Forsyth Barr lifted its KMD Brands target price by 10.4% after Trump tariff walkbacks.

Gregor Thompson 24 Apr 2025
NZ sharemarket rises as Trump backs down
Markets Market Close

NZ sharemarket rises as Trump backs down

The S&P/NZX 50 Index closed up 1.01% or 119.78 points.

Tom Raynel 23 Apr 2025